FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, November 25 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0487 up 0.0018 Chicago corn closed slightly to moderately lower. DEC11 HI 5.94 1/2 DEC12 HI 5.45 1/2 LOW 5.82 LOW 5.35 CLOSE5.82 1/2 Down 6 1/4 CLOSE 5.35 1/2 Down 6 3/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR12+MAR12+MAR12 CK Low -0.35 5.48 215.54 -0.55 4.81 189.16 CK High -0.25 5.58 219.48 -0.50 4.86 191.13 CK Avg -0.32 -0.61 5.51 216.92 -0.51 -0.78 4.85 190.80 Essex Cty -0.35 5.48 215.54 -0.50 4.86 191.13 Mdsx Low -0.35 5.48 215.54 -0.50 4.86 191.13 Mdsx High -0.25 5.58 219.48 -0.50 4.86 191.13 Mdsx Avg -0.30 -0.59 5.53 217.51 -0.50 -0.77 4.86 191.13 Hensall -0.35 5.48 215.54 -0.50 4.86 191.13 Bruce -0.35 5.48 215.54 -0.50 4.86 191.13 Putnam -0.35 5.48 215.54 -0.50 4.86 191.13 Princeton -0.25 5.58 219.48 -0.50 4.86 191.13 Durham -0.30 5.53 217.51 -0.55 4.81 189.16 Norfolk -0.29 5.54 217.90 -0.50 4.86 191.13 Palmerston -0.35 5.48 215.54 -0.50 4.86 191.13 Varna -0.35 5.48 215.54 -0.50 4.86 191.13 Trenton -0.30 5.53 217.51 -0.55 4.81 189.16 Winchester -0.35 5.48 215.54 -0.50 4.86 191.13 North Gower -0.25 5.58 219.48N/A Huron FOB -0.03 5.80 228.14 -0.50 4.86 191.13 Kent FOB -0.29 5.54 217.90 -0.50 4.86 191.13 Lamb FOB -0.29 5.54 217.90 -0.50 4.86 191.13 Mdsx FOB -0.25 -0.15 -0.10 -0.10 5.58 219.48 -0.50 4.86 191.13 FOB SW Que -0.20 5.63 221.45 -0.15 5.21 204.91 Track 0.08 5.90 232.27N/A PROCESSORS Chat-Eth N/A N/A N/A N/A -0.50 4.86 191.13 Jhnstwn-Eth N/A -0.25 -0.10 -0.05 -0.25 5.11 200.97 Aylmer-Eth N/A -0.05 0.05 0.10 N/A Sarn-Eth N/A 0.00 0.05 0.10 N/A Cllngwd-Eth 0.10N/A N/A N/A 5.93 233.26-0.30* 5.06 199.01 London-Cas N/A 0.00 0.05 0.10 -0.30 5.06 199.01 Pt.Colb-Cas 0.00 0.00 0.10 0.15 5.83 229.32 -0.25 5.11 200.97 Cardnl-Cas N/A -0.35 0.10 0.15 -0.25 5.11 200.97 W O Feed 0.23 0.18 6.06 238.37 US Rep 0.70 0.65 6.53 256.88 Toledo El. 0.02 5.85 230.15 -0.56 4.80 188.88 TRANSFER Sarnia N/A N/A Pt. Stanley -0.38 5.45 214.36N/A Hamilton -0.39 5.44214 -0.20 5.16203 MID SD CRN -0.30 5.52 1/2 HI SD CRN -0.25 5.57 1/2 *Wet Bid Bank of Canada Noon exchange rate was 1.0487 up 0.0018 Chicago soybeans closed moderately lower. JAN12 HI 11.25 3/4 NOV12 HI 11.41 3/4 LOW 11.02 3/4 LOW 11.19 1/2 CLOSE11.06 1/2 Down 16 CLOSE 11.19 1/2 Down 19 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR12 CK Low -0.50 10.57 388.20-0.64 10.56 387.83 CK High -0.40 10.67 391.87-0.50 10.70 392.97 CK Average -0.46 -1.0110.61 389.79-0.58-1.1610.61 389.97 Essex Cty -0.36 10.71 393.34-0.45 10.75 394.81 Mdsx Low -0.50 10.57 388.20-0.60 10.60 389.30 Mdsx High -0.44 10.63 390.40-0.59 10.61 389.67 Mdsx Average -0.47 -1.0310.60 389.30-0.60-1.1710.60 389.48 Hensall -0.50 10.57 388.20-0.60 10.60 389.30 Bruce -0.50 10.57 388.20-0.65 10.55 387.46 Putnam -0.45 10.62 390.03-0.60 10.60 389.30 Princeton -0.44 10.63 390.40-0.59 10.61 389.67 Durham -0.47 10.60 389.30-0.62 10.58 388.56 Norfolk -0.35 10.72 393.71-0.54 10.66 391.50 Palmerston -0.50 10.57 388.20-0.65 10.55 387.46 Varna -0.50 10.57 388.20-0.65 10.55 387.46 Trenton -0.60 10.47 384.52-0.70 10.50 385.63 Winchester -0.43 10.64 390.77-0.52 10.68 392.24 North Gower 0.23 11.30 415.02 N/A Huron FOB -0.30 10.77 395.55-0.55 10.65 391.14 Kent FOB -0.40 10.67 391.87-0.60 10.60 389.30 Lambton FOB -0.40 10.67 391.87-0.60 10.60 389.30 Middlesex FOB-0.23-0.18-0.23 N/A 10.84 398.12-0.43 10.77 395.55 PROCESSORS Hamilton 0.10 0.10 0.15 0.10 11.17 410.240.00 11.20 411.35 Windsor -0.130.09 0.14 0.10 10.94 401.79-0.22 10.98 403.26 Winchester -0.31 10.76 395.18-0.41 10.79 396.28 TRANSFER Hamilton 0.10 N/A N/A N/A 11.17 410.24-0.10 11.10 407.67 Pt. Stanley -0.35 10.72 393.71-0.60 10.60 389.30 Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.60 11.67 428.620.40 11.60 426.04 Toledo El. -0.29 10.77 395.76-0.61 10.59 388.94 Bank of Canada Noon exchange rate was 1.0487 up 0.0018 Chicago wheat closed slightly lower. DEC11 HI 5.86 1/4 JUL12 HI 6.27 3/4 LOW 5.72 1/4 LOW 6.16 1/2 CLOSE 5.74 1/2 Down 4 3/4 CLOSE 6.17 3/4 Down 7 1/2 Minni wheat closed slightly lower. MAR12 HI 8.16 SEP12 HI 7.74 1/4 LOW 8.03 1/2 LOW 7.65 CLOSE 8.07 1/2 Down 9 CLOSE 7.67 3/4 Down 3 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.29 1.18 0.29 0.77 CAD $/bu 6.03 6.93 6.03 8.85 CAD $/tonne 221.74 254.54 221.74 325.17 Direct MarkHarvest 2011 Harvest 2012 DELIVERED BASIS DELIVERED BASIS Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M) ELEVATORS Brgssvll N/A 0.81 0.10 N/A N/A 0.66 -0.15 N/A London 0.07 0.80 0.17 N/A N/A 0.66 -0.17 N/A Hensall 0.00 N/A 0.15 N/A 0.00 N/A -0.15 N/A Trenton N/A N/A N/A N/A N/A N/A -0.70 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -0.30 Essex N/A N/A 0.24 N/A N/A N/A -0.18 N/A Norwich 0.00 N/A 0.15 N/A 0.00 N/A -0.15 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge 0.00 N/A 0.15 N/A 0.00 N/A -0.15 N/A Chatham N/A 0.78 0.23 N/A N/A 0.68 -0.15 N/A Brigden N/A 0.78 0.23 N/A N/A 0.68 -0.15 N/A Palmerston N/A 0.93 0.10 0.94 N/A 0.64 -0.20 0.28 Varna 0.10 0.90 0.10 N/A 0.20 0.85 -0.20 N/A Mitchell 0.00 0.85 0.15 N/A 0.00 0.75 -0.15 N/A Thornton N/A N/A N/A -0.27 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A N/A TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A 0.50 N/A N/A N/A 0.00 N/A Pt. Stanley N/A N/A 0.05 N/A N/A N/A -0.45 N/A PROCESSORS Toledo FM N/A 1.13 0.66N/A 0.42 1.26 0.53N/A Toledo El. 5.72US 6.00CA 6.15US 6.46CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.21 1.05 0.00 0.45 CAD $/bu 6.39 7.23 6.18 8.12 CAD $/tonne 234.77 265.67 227.04 298.50 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 290.00 - 295.00 Bayport Oats 295.00 Bayport Barley 288.00 FOB Hm Soymeal 350.21 - 352.41 DDG's FOB Srn, Wndr, Aylm 200.00 - 213.00